Was told by a sales manager in 1966, "Retailing is the art of finding out what the customer will pay." It's always worked for me.

The problem is price stickiness. When something goes up it rarely goes down, even if the factors that made it go up in the first place are no longer there.

Market elasticity theory goes out the window in a predominantly monopolistic economy. When a small number of companies control a high majority of their market segment (oil, airlines, grocery stores, car dealerships, meat packing plants, etc) they can 'informally' collude to price their products to bring industry wide profits up - and they do. Many US industries are raising prices far beyond their increased costs due to inflated costs of input, and are now registering their highest profits in years; to the tune of 100-300% profit increases. The US will never get inflation under control simply by raising interest rates.

I first learned about this concept from Stringer Bell in The Wire. Just another reason why it‘s the best show ever

In 2008 I was stacking shelves and noticed that every Monday the price tickets would have to be changed and a cup of ice-cream would go up 5 cents a week.

First time I heard about cold water detergent. Here in Indonesia all detergents can be use with cold water.

Grocers are reporting record profits. This isn't inflation this is corporate greed.

The amount of elasticity these companies take from my wallet has stretched me as thin as paper

Dangerous gamble for branded products. Customers who start to switch to unbranded may not return to branded until the quality of unbranded is not acceptable. Complex products may boundce back easily, basics may never recover the customer.

They slightly mentioned willingness to pay. We know certain foods and TP we will purchase no matter what because we cant live without it. The laundry detergent, smart ones will purchase the cheaper brands because they are just as good as the others. Arm and Hammer is one of them. You get more volume for the same price as Tide.

Perfume and . . . .staples? Who is buying staples as a luxury non-necessity? Who is not buying them because of the price?

Andrew Watterson: "Elastitties" (C) 2022

Companies shrunk product's to keep the same price but I noticed! What this report did not mentioned is that Planet Fitness required members to provide their checking account number to bill directly. The us no way I will let any company to have my checking account!

Inflation investigated reported basis need meaning need to survive measures with money management

The $1 Lunchable in this video actually referred to a candy item that contains like 5 gummy worms.... lol

Basic need food and gas money

U can’t get generic tide from tha amazon shelves

SEAN

I hate euphamisms for decreases in quality of life

Eventually people will also lose there jobs from what I heard around early 2023 or middle that’s when jobs are going to be force to let people go

inventing products that customers never asked for increases prices of everything

They are doing the usual shrinkflation. Or substitute cancerous chemicals for cheaper production

shrink-flation

It's not inflation, it's price gouging in key sectors.

wait a sec. u tell me tide is a premium in your country ??? here is just normal bottom guy use tide ...

Shrinkflation.

This was a long walk on a short pier story.

Becoming a millionaire definitely isn't easy. Building a business and investment starts with believing you can do it! And that's why investing in the financial markets is really good.

This video is sad because it shows how much the American middle class has shrunk over the years. Back in 2015 the Pew Research Center said that the U.S. middle class is no longer the majority of the country anymore, which means that many of us are living paycheck-to-paycheck or just getting by with working class salaries. We can't spend as freely and buy things plentifully as the baby boomer generation used to do. Essentially the baby boomer generation was the peak of the U.S. middle class and now it's all going hill with Gen X, Millennials, Gen Y, Alphas, etc. Now they're making stories about heterosexual couples who are young and choosing not to have kids (DINKS) nor own homes, preferring "used" cars, second hand clothes, shop Dollar stores. All while prices keep going up and the top 1-10% of Americans get wealthier and more exclusionary than ever. It's sad.

People! Use a Bidet😂

vote w your wallets

More corporate BS

Greed is the cause of inflation.

Summary, consumers remain ignorant..

Economics 101 - which we called it bird course being applied science students as this together with the like of psychology 101 are courses we took to fill the required "electives" in addition to our heavy course loads. It is not like Economics is a real science. Try understand elasticities of material under all sorts of environmental and load conditions, which is a real science as in material science.

If the American people do not want war, Russia and Ukraine, then America, as one of the major powers, must, Stop the fire actions, Sit in a place at the negotiating table of Russia and Ukraine, gather all the members of the OSCE, this is all that needs to be supported by the peoples of America themselves, inside their country, and close their eyes for a while to their internal petty problems, confrontations.